3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK3 9RH, £300,000

Cheadle Old Road, Stockport, Greater Manchester, SK3 9RH - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£164K - £460K
Sold Prices/m²£1.9K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£274,906

 

 

End Value (After Refurb)

£296,522

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£39,200

Bridging Loan Interest

£7,875

Total Cash In

£136,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£296,522

Mortgage (After Refinance)

£222,391

Mortgage LTV

75%

Cash Left In

£136,525

Equity

£74,130

Rent Range

£1,000 - £1,550

Rent Estimate

£1,320

Running Costs/mo

£1,211

Cashflow/mo

£109

Cashflow/yr

£1,312

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £164K to £460K, average is £250K. £1.9K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£255K03/210.07 mi93, Cheadle Old Road, Stockport, Greater Manchester SK3 9RH3
£262K01/220.07 mi12, Wimbledon Drive, Stockport, Greater Manchester SK3 9RZ3
£230K06/210.1 mi14, Bombay Road, Stockport, Greater Manchester SK3 9RF3
£209K11/200.11 mi3, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£283K05/210.11 mi32, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£260K08/230.11 mi4, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£335K11/220.11 mi4, Sykes Meadow, Stockport, Greater Manchester SK3 9RJ3
£307.5K01/210.12 mi33, Sykes Meadow, Stockport, Greater Manchester SK3 9RJ3
£310K06/210.12 mi29, Sykes Meadow, Stockport, Greater Manchester SK3 9RJ3
£376.5K11/220.12 mi34, Sykes Meadow, Stockport, Greater Manchester SK3 9RJ3
£342.5K01/210.12 mi139, Edgeley Road, Stockport, Greater Manchester SK3 9NG3
£234K11/210.13 mi136, Petersburg Road, Stockport, Greater Manchester SK3 9RB3
£245K05/210.14 mi19, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£210K08/210.14 mi18, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£285K05/230.14 mi40, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£276K08/230.14 mi30, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£250K06/210.15 mi21, Hatter Avenue, Stockport, Greater Manchester SK3 0AY3
£282K10/200.15 mi1, Newcroft Drive, Stockport, Greater Manchester SK3 9RY3
£460K05/230.15 mi217, Edgeley Road, Stockport, Greater Manchester SK3 0TL3
£320K04/230.15 mi157, Petersburg Road, Stockport, Greater Manchester SK3 9RA3
£385K09/210.18 mi122, Edgeley Road, Stockport, Greater Manchester SK3 0TT3
£170K11/200.2 mi18, Ingleton Road, Stockport, Greater Manchester SK3 9NN3
£230K01/210.2 mi33, Ingleton Road, Stockport, Greater Manchester SK3 9NN3
£300K05/230.2 mi31, Ingleton Road, Stockport, Greater Manchester SK3 9NN3
£249K03/210.21 mi23, The Circuit, Stockport, Greater Manchester SK3 9RN3
£325K02/230.22 mi177, Petersburg Road, Stockport, Greater Manchester SK3 9RA3
£220K12/200.23 mi22, Naples Road, Stockport, Greater Manchester SK3 0TN3
£211K05/210.23 mi41, Naples Road, Stockport, Greater Manchester SK3 0TN3
£220K09/210.23 mi32, Naples Road, Stockport, Greater Manchester SK3 0TN3
£277K12/210.23 mi10, Naples Road, Stockport, Greater Manchester SK3 0TN3
£227K10/200.24 mi194, Old Chapel Street, Stockport, Greater Manchester SK3 9LR3
£164K06/230.24 mi199, Old Chapel Street, Stockport, Greater Manchester SK3 9LR3
£344K03/230.24 mi51, St Lesmo Road, Stockport, Greater Manchester SK3 0TX3
£248K01/210.26 mi7, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£212K12/200.26 mi3, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£350K10/230.26 mi10, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£235K01/210.26 mi192, Northgate Road, Stockport, Greater Manchester SK3 9NJ3
£187.5K03/210.26 mi205, Northgate Road, Stockport, Greater Manchester SK3 9NJ3
£280K06/230.26 mi192, Northgate Road, Stockport, Greater Manchester SK3 9NJ3
£185K10/200.26 mi90, Dale Street, Stockport, Greater Manchester SK3 9QE3
£171K03/210.28 mi11, Willdor Grove, Stockport, Greater Manchester SK3 0TW3
£300K04/230.28 mi14, Willdor Grove, Stockport, Greater Manchester SK3 0TW3
£237K07/230.28 mi99, Ingleton Road, Stockport, Greater Manchester SK3 9NR3
£237K07/230.28 mi99, Ingleton Road, Stockport, Greater Manchester SK3 9NR3
£325K07/230.29 mi23, Moscow Road, Stockport, Greater Manchester SK3 9QB3
£190K11/200.3 mi18, Dale Street, Stockport, Greater Manchester SK3 9QA3
£235K12/200.3 mi35, Berlin Road, Stockport, Greater Manchester SK3 9QD3
£195K07/230.32 mi185, Northgate Road, Stockport, Greater Manchester SK3 9NL3
£310K01/230.33 mi168, Edgeley Road, Stockport, Greater Manchester SK3 0TS3
£215K12/220.33 mi5, Astbury Crescent, Stockport, Greater Manchester SK3 8NB3
£310K03/230.35 mi7, Avondale Road, Stockport, Greater Manchester SK3 9NX3

Local Rents

29 rents from £1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.13 miSykes Meadow, Stockport, Cheshire, SK33
£1,45012/240.14 miPetersburg Road, Edgeley, Stockport, SK33
£1,55012/240.18 miEuropa Way, Cheadle, Stockport SK33
£1,09512/240.31 mi-3
£1,35003/250.32 mi-3
£1,25008/240.32 miChatham Street, Edgeley, Stockport, SK33
£1,10008/240.33 miJennings Street, Stockport, SK3 9BX3
£1,30008/240.34 miAvondale Road, Stockport, SK33
£1,30008/240.34 mi-3
£1,35012/240.4 mi-3
£1,30008/240.5 miStopford Street, Edgeley3
£1,20008/240.52 miShaftsbury road Cheadle Heath SK33
£1,40008/240.53 miAthlone Heights, SK8 5BX3
£1,40008/240.54 miWestmeath Avenue, SK83
£1,40008/240.54 miWestmeath Avenue, SK83
£1,40008/240.54 miAthlone Heights, SK8 5BX3
£1,39508/240.56 miNewsham Road, Stockport, SK33
£1,39508/240.56 mi-3
£1,30012/240.56 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,20008/240.57 mi-3
£1,25007/240.57 mi-3
£1,25001/240.57 mi-3
£1,00012/240.57 mi1 York Street, Stockport3
£1,45008/240.59 mi-3
£1,47508/240.59 mi-3
£1,35004/250.59 mi-3
£1,40004/250.6 mi-3
£1,30008/240.6 miRange Road, Stockport, Greater Manchester, SK33
£1,35012/240.61 mi-3

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

2.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £300,000

October 25, 2024

Floor Plans

Description

Presenting a remarkable opportunity to acquire a semi-detached house ripe for renovation. This 1930's characterful property is listed for sale and is bursting with potential, requiring some modernising to transform it into a truly exceptional home.

The property boasts three well-proportioned reception rooms, providing ample space for relaxation and socialising. Each space presents a blank canvas for the new owner to instil their own unique style and personality. The property hosts three bedrooms and a single bathroom, offering a comfortable living arrangement for families or professionals alike.

A key feature of this house is the substantial cellar space, divided into four individual chambers. This offers significant potential for development, whether for additional living space, storage or perhaps a wine cellar for the discerning enthusiast.

Outside, the garden provides a tranquil haven for enjoyment of the warmer months. The property is situated in a peaceful and quiet location, benefiting from strong public transport links and proximity to local schools. All your daily needs are covered, with a variety of local amenities close at hand, and the surrounding green spaces offer a welcome escape from urban bustle.

The property sits within council tax band C, and holds an EPC rating of D. This is a perfect project for a buyer looking to put their own mark on a property, benefitting from a strong local community feel.

In conclusion, this house represents a unique opportunity for a purchaser with vision to create a beautiful family home in a highly desirable location.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

CHE240294/2

Agent Details

Reeds Rains, Cheadle

0161 524 4728

Next Steps?

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